NAPCO Security Technologies, Inc. (NSSC) To Go Ex-Dividend on September 11th

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) declared a quarterly dividend on Thursday, August 20th. Shareholders of record on Friday, September 11th will be paid a dividend of 0.17 per share by the industrial products company on Friday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 11th. This is a 13.3% increase from NAPCO Security Technologies’s previous quarterly dividend of $0.15.

NAPCO Security Technologies has a payout ratio of 57.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NAPCO Security Technologies to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 36.4%.

NAPCO Security Technologies Trading Up 0.2%

NASDAQ NSSC opened at $37.08 on Wednesday. The company has a fifty day simple moving average of $37.30 and a two-hundred day simple moving average of $39.45. The stock has a market cap of $1.33 billion, a P/E ratio of 30.64 and a beta of 1.43. NAPCO Security Technologies has a 12-month low of $33.91 and a 12-month high of $51.77.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, August 24th. The industrial products company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The firm had revenue of $55.81 million for the quarter, compared to analyst estimates of $52.51 million. During the same period in the previous year, the company earned $0.33 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts forecast that NAPCO Security Technologies will post 1.66 earnings per share for the current year.

Insider Transactions at NAPCO Security Technologies

In other NAPCO Security Technologies news, Chairman Richard Soloway sold 379,529 shares of NAPCO Security Technologies stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the completion of the transaction, the chairman owned 621,958 shares in the company, valued at approximately $21,457,551. This trade represents a 37.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Donna Soloway sold 28,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $35.98, for a total value of $1,007,440.00. Following the completion of the transaction, the director directly owned 20,962 shares of the company’s stock, valued at approximately $754,212.76. This trade represents a 57.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 523,962 shares of company stock valued at $18,257,168 in the last quarter. Company insiders own 5.65% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. IFP Advisors Inc grew its stake in shares of NAPCO Security Technologies by 193.3% during the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 377 shares during the period. KBC Group NV acquired a new position in shares of NAPCO Security Technologies in the 1st quarter valued at $26,000. Advisory Services Network LLC acquired a new position in shares of NAPCO Security Technologies in the 3rd quarter valued at $41,000. Blue Trust Inc. purchased a new stake in NAPCO Security Technologies during the first quarter worth $44,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in NAPCO Security Technologies during the second quarter worth $46,000. 85.07% of the stock is owned by institutional investors and hedge funds.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.